1 High Street

  • Status Active
  • City London, ON
  • Property Type Residential
  • Bedrooms 14
  • Bathrooms 10.5
Listing Price: 1,900,000
Property Details

WELCOME TO 1 HIGH STREET


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An investment with a great view! Tenants love the location (central to bus routes and downtown), immense green space, large parking lot, and the scenic view of the Thames River! The property consists of 10-units divided between two buildings (one 6-unit building and one 4-unit building); in total there is one bachelor unit, five 1-bedroom 1-bathroom units, three 2-bedroom 1-bathroom units and one 2-bedroom 1.5-bathrooms unit. All tenants pay promptly the first of every month and laundry machines are owned. The hallways in both buildings were recently given a fresh coat of paint, and unit three in both buildings received minor facelifts with updated ceiling and wall paint. Plenty of opportunity to add value with some units paying below market rent and having their hydro inclusive (all units separately metered). Don’t miss a great opportunity to invest in London!

 

Operating Income: $116,223.48

Operating Expense: $34,178.16

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